CFD Forex Technical Analysis EURUSD

EURUSD 1.30
TradingLevels: The MinorLevel mTL3|1.30 expect the price to consolidate here before move down to the next level 1.20 of course this will take to reach but its important to understand the price is now entering Minor Group1 (MG1) then we can take our thinking into the sublevel terrain.  While the price is here at 130 the US Dollar will be at 80, try and see these two markets not only pushing and pulling of each other but the price they are also doing it with, if you’re having trouble with the wave count on the Dollar then bring in the USDCHF and CAD to get a sense of what’s unfolding
Elliott Wave: Wave (iv) about to unfold at 130
Technical Analysis: We are expecting a wave four at 130 and in Elliott trading we don’t trade wave four. That said; trade the sublevels around the MinorLevel 130 essentially scalping the sublevels.
Daily and Weekly Robo traders can cover part profits here, while wave four is unfolding as the price can move back to the wave four of one lesser degree 13072 and maybe 131, we cannot forget that Europe is the catalyst for headline news. The Euro normally has shallow rallies and a wave four is normally the 38.2% of wave three. You can also use the levels, such as, if support is found on SG1 then the price will get to the Midpoint and if the Midpoint finds support then look at SG2, this way you know what to do and how much exposure you are willing to accept  

SPI CFD Day Trading Strategies

Code: SPI CFD / ASX200 XJO
Date: 20 December
Chart: 4 hour Chart
Two basic points, the 4000 as MediumLevel Support and secondly the Trendline support.
EarlyBird Report Comments:
SPI CFD 4080
Technical Analysis
TradingLevels: If 4100 becomes the resistance then the price would work lower to 4000 where it would likely bounce up in three waves
Elliott Wave: The pattern on 4000 over the Oct Nov period is open for interpretation, however it is forming a triangle pattern and that means when its completed a move down will occur. So what does completed look like, well a triangle in Elliott theory is five swings abcde and so far we have the abcd the current low can be the wave d, so eventually we would see a wave e up, how far would the wave e go, the 4200 is the pivot within Minor Group1 so I could see it finding support on 4200 based off the current low the 61.8% would be the 4200.
Day Trading Strategies: Move stops down to last high above 4100 after the second retest of 4100. New trades need to work SG2 {4080|4072|4065} then the Midpoint, there is a daily trend line cutting through the 4030 – 4050 are double check this. Essentially one the market opens and settle being on the right side of 4072 is the starting line.